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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (427150)	10/16/2008 3:03:03 PM
From: SilentZ	Read Replies (2) \| Respond to of 1574060

"That's true for a single taxpayer, who would have seen a tax increase of $15 for the year" But once again, it is NOT part of HIS plan, which is what he and his campaign have been saying over and over and over. Further: The measure Obama supported contained a provision – which is not part of his current tax proposals – that would have increased the rate paid by those who have taxable income high enough to fall into the 25 percent tax bracket. The 25 percent rate would have increased to 28 percent, as it was before the Bush tax cuts. The effect would have been to increase taxes for a single taxpayer with as little as $32,550 in taxable income in 2008, after all deductions and exclusions from total annual earnings. But that works out to be $41,500 a year in total income for a single taxpayer with no dependents who takes the standard deduction and exemption allowed by the tax code. So it's true that a single taxpayer making $42,000 this year would see an income tax increase – of $15. That assumes the provision Obama voted for had been enacted and assumes further that the taxpayer did not qualify for more than the standard deduction. Drop it. It's moronic. -Z